05 January 2012
It's Jobless Thursday
Pretty good news today, with initial unemployment claims falling to 372K, a drop of 15,000, from last weeks (adjusted upward) claims, with the 4-week moving average falling to the lowest number since July 2008 (!), 373,250, with continuing claims falling, though emergency claims rose slightly.
Additionally, the ADP survey, (same link) indicates a 325,000 increase in private sector jobs, though I'll wait for tomorrow's NFP numbers for the official word.
We also saw the ISM's manufacturing index grew strongly and the non-manufacturing index rose modestly.
All in all, it's pretty good news, I'm just wondering how much government jobs have hemorrhaged over the past month.
Additionally, the ADP survey, (same link) indicates a 325,000 increase in private sector jobs, though I'll wait for tomorrow's NFP numbers for the official word.
We also saw the ISM's manufacturing index grew strongly and the non-manufacturing index rose modestly.
All in all, it's pretty good news, I'm just wondering how much government jobs have hemorrhaged over the past month.
Labels:
Economy
,
employment
,
Recession
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